South Africa's Amplats reports 43% drop in half-year profit - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

📆 7/25/2022 5:26 AM
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South Africa’s Anglo American Platinum (Amplats) on Monday reported a 43% fall in half-year profit due to weaker Platinum Group Metal (PGM) prices and lower volumes compared with record sales a year ago.

Image: REUTERSSouth Africa’s Anglo American Platinum on Monday reported a 43% fall in half-year profit due to weaker platinum group metal prices and lower volumes compared with record sales a year ago.

Amplats Chief Executive Officer Natascha Viljoen said inflationary pressures and tightening monetary policy would continue to have an impact on the mining industry.

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